Tax free savings should always be your first port of call (that�s if you�re a tax payer of course) as ian.miller mentions, but the mini cash ISA allowance is only �3k a year and this is going down to a paltry �1k from 5 April this year. National Savings & Investments offer some good tax free savings products, but you need to keep your cash tied up for between 2 and 5 years. Even with the amount you have to invest, you�re not going to get a fantastic return if you leave it in a savings account, even a high interest one. However, if your main requirement is easy access to your money then this might not bother you. Personally, as you have a fair amount you want to save, I�d go and seek the advice of an independent financial adviser who will be able to tell you all the options open to you.